Today we are taking a look at:

  • SAGB maintains steepening bias ahead of local elections, thin liquidity expected ahead of the results
  • USDZAR holds steady after elections
  • Oil dropped after U.S. President Donald Trump escalated his rhetoric against China, dimming hopes the world’s two biggest economies can avert a resumption of their trade war
  • Trade talks between the US and China were the main factor influencing equity markets
  • SA business confidence index rises in April; Chinese inflation marginally higher in April
DailyMarketCommentary190509

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